Petra Diamonds Ltd.

Director's Dealing • Oct 7, 2016

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RNS Number : 9998L

Petra Diamonds Limited

07 October 2016

7 October 2016	LSE: PDL

Petra Diamonds Limited

("Petra," "the Company" or "the Group")

Director and PDMR Share Vesting

Petra Diamonds Limited announces the approval on 6 October 2016 of the vesting and delivery of shares to Directors/Persons Discharging Managerial Responsibility ("PDMR"):

(i)        originally granted on 23 December 2013 under the Company's 2012 Performance Share Plan ("2012 PSP") in respect of the period 1 July 2013 to 30 June 2016;

(ii)        originally granted on 15 May 2012 under the Company's 2011 Longer-Term Share Plan ("2011 LTSP") in respect of the period 1 July 2012 to 30 July 2016; and

(iii)      originally granted on 28 November 2014, deferred awards ("2014 Deferred shares") over ordinary shares in the Company under the annual performance bonus plan.

The number of vested shares in each case is set out below. Details with regards to the vesting level will be disclosed in the Directors' Remuneration Report within the Company's 2016 Annual Report.

Director / PDMR	Position	2012 PSP Number of ordinary shares vested	2012 PSP Number of ordinary shares lapsed	2011 LTSP Number of ordinary shares vested	2011 LTSP Number of ordinary shares lapsed	2014 Deferred shares Number of ordinary shares vested
Johan Dippenaar	Chief Executive Officer	225,850	184,787	169,200	60,800	54,587
Jim Davidson	Technical Director	210,274	172,043	169,200	60,800	50,823
Jacques Breytenbach	Chief Financial Officer	n/a	n/a	182,020	55,480	n/a
Koos Visser	Chief Operating Officer	n/a	n/a	182,020	55,480	n/a
David Abery	Finance Director to 30 June 2016	210,274	172,043	169,200	60,800	50,823

Notes:

1.   All awards under the 2012 PSP and 2011 LTSP were granted as conditional awards over ordinary shares in Petra of 10p each; no consideration was payable for the grant of the awards.

2.   This announcement is made under the UKLA's Disclosure and Transparency Rule 3.1.2R.

~ Ends ~

For further information, please contact:

Petra Diamonds, London	Telephone: +44 20 7494 8203
Salisha Ilyas	[email protected]
Buchanan	Telephone: +44 20 7466 5000
(PR Adviser)
Bobby Morse	[email protected]
Anna Michniewicz	[email protected]
RBC Capital Markets	Telephone: +44 20 7653 4000
(Joint Broker)
Matthew Coakes	[email protected]
Jonathan Hardy	[email protected]
Barclays	Telephone: +44 20 7623 2323
(Joint Broker)
Bertie Whitehead	[email protected]
Philip Drake	[email protected]
BMO Capital Markets	Telephone: +44 20 7236 1010
(Joint Broker)
Jeffrey Couch	[email protected]
Neil Haycock	[email protected]

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About Petra Diamonds Limited

Petra Diamonds is a leading independent diamond mining group and an increasingly important supplier of rough diamonds to the international market. The Company has interests in five producing operations: three underground mines in South Africa (Finsch, Cullinan and Koffiefontein), the Kimberley Operations (including the Kimberley Underground mine and extensive tailings retreatment operations) and one open pit mine in Tanzania (Williamson). It also maintains an exploration programme in Botswana.

Petra has a core objective to steadily increase annual production to ca. 5.3 million carats by FY 2019. The Group has a significant resource base in excess of 300 million carats.

Petra conducts all operations according to the highest ethical standards and will only operate in countries which are members of the Kimberley Process. Petra is quoted with a premium listing on the Main Market of the London Stock Exchange under the ticker 'PDL' and is a constituent of the FTSE4Good Index. For more information, visit the Company's website at www.petradiamonds.com .

This information is provided by RNS

The company news service from the London Stock Exchange

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